HeartCore Announces 1-for-20 Reverse Stock Split

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HeartCore Enterprises, Inc., an IPO consulting services company based in Tokyo, announced that its Board of Directors approved a 1-for-20 reverse stock split of its issued and outstanding common stock. The reverse split will become effective on April 2, 2026 and the company's common stock is expected to begin trading on the Nasdaq Capital Market on April 6, 2026 on a reverse split-adjusted basis.

Why it matters

The reverse split is intended to increase the price per share of HeartCore's common stock to enable the company to regain compliance with the $1.00 minimum bid price requirement for continued listing on the Nasdaq. This move comes after HeartCore stockholders approved the reverse split in June 2025, granting the Board of Directors the authority to determine the exact split ratio and timing.

The details

The reverse split will automatically reclassify each 20 shares of pre-split common stock into one share of post-split common stock, with any fractional shares being rounded up to the nearest whole share. The authorized number of shares and par value per share will not be affected. Proportional adjustments will also be made to the company's outstanding options, restricted stock units, and equity incentive plans.

• The reverse split will become effective on April 2, 2026 at 4:00 p.m. Eastern Time.
• HeartCore's common stock is expected to begin trading on the Nasdaq Capital Market on April 6, 2026 on a reverse split-adjusted basis.

What’s next

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